CHOKEPOINT LENS
DOSSIER
ROLE
The Western rare-earth flagship: Mountain Pass mine + the Independence Facility converting NdPr oxide to finished magnets — mine-to-magnet under one roof.
CHOKE POSITION
The escape valve being built precisely because the China lever exists. DoD partnership, GM/Apple agreements; committed to ~3,000 MT/yr magnets with a further facility targeting ~60,000 t/yr installed capacity — output explicitly named for robotics.
Key readouts, what makes the choke pay, what breaks it, and the catalysts on the watch — for every instrument on the board.
PERFORMANCE
No market data available for this instrument.
RELATED SIGNALS
FULL FEED →China NdFeB export controls tighten — rare earth licenses now required
China's Ministry of Commerce expands export licensing to cover heavy rare earth alloys and NdFeB magnet powder. New licenses take 45+ days. Western magnet makers face immediate supply gap.
Lynas Texas HREE plant delays — Western rare-earth refining bottleneck persists
Lynas announces 6-month delay on Texas heavy rare-earth separation plant. Dysprosium and terbium separation still China-concentrated. MP Materials Mountain Pass expansion on track for light REE only.
INTELLIGENCE FILES
ADJACENT INSTRUMENTS
NOTES
Western escape valve; DoD/GM offtake
Market intelligence, not financial advice.